If the company that issues Tether (USDT) were to collapse, it could have significant implications for its value and the people using it. Tether is a stablecoin that is pegged to the value of the US dollar, with each USDT token supposedly backed by an equivalent amount of USD reserves held by the company.
If the company were to collapse or face insolvency, there could be concerns about the actual backing of USDT tokens and their value could be affected. This could lead to a loss in confidence and a decrease in the value of USDT. However, it is important to note that Tether has faced controversies and scrutiny in the past regarding its transparency and reserves, but it has managed to maintain its value and user base.
As for the number of people currently using USDT, it is difficult to provide an exact figure as it is a widely used stablecoin in the cryptocurrency market. Tether has become one of the most popular stablecoins and is used by traders, investors, and exchanges globally. However, the exact number of users is not publicly disclosed by the company.
$USDT